Ending Soon! Save 33% on All Access

Facebook Buys Popular Fitness-Tracker App So It Can Know Even More About You With its acquisition of Moves, the social network is getting into the fitness-tracking game alongside Fitbit and Nike.

By Nina Zipkin

To say that Facebook has a lot of information about its users is a bit of an understatement. The social giant knows about countless birthdays, relationships, jobs and vacations. And now, it's added your workout habits to the list.

Facebook just acquired a Finnish startup called ProtoGeo Oy for an undisclosed sum. The Helsinki-based company is two years old and is the creator a popular a fitness app called Moves. The app launched last year has been downloaded 4 million times.

Related: Facebook Buys Social Startup Branch to Spearhead New 'Conversations' Group

Moves is described as "an activity diary of your life," that records your daily exercise and burned calories. Though available for both Apple and Android phones, there are some features like a calorie counter which are currently only on the iPhone.

The app positions itself as a simple and intuitive alternative to fitness tracking devices like the Fitbit and Nike's FuelBand.

Related: Facebook Buys WhatsApp in Whopping $19 Billion Deal

With that in mind, it seems that Facebook is choosing an interesting time to get into the fitness game. Fitbit recently recalled its $130 Fitbit Force wristband after finding that it caused rashes in some users. Meanwhile, there have also been reports that Nike is moving away from wearables and shifting its focus to apps.

Like Instagram, WhatsApp and Branch before it, Moves will continue to be a standalone app, but the team behind it will be joining Facebook to "work on building and improving their products and services with a shared mission of supporting simple, efficient tools for more than a billion people."

Related: 5 Ways Tech Is Forever Changing Fitness Franchises

Nina Zipkin

Entrepreneur Staff

Staff Writer. Covers leadership, media, technology and culture.

Nina Zipkin is a staff writer at Entrepreneur.com. She frequently covers leadership, media, tech, startups, culture and workplace trends.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Growing a Business

Want to Expand Your Market Overseas? Here's Everything You Need to Know About Global Logistics in 2024

With rising geopolitical tensions and changing market conditions it can be hard for businesses to navigate supply chain logistics even in a post-pandemic world. Here are three tips from the CEO of an international customs brokerage.

Social Media

How To Start a Youtube Channel: Step-by-Step Guide

YouTube can be a valuable way to grow your audience. If you're ready to create content, read more about starting a business YouTube Channel.

Business News

Elvis Presley's Granddaughter Fights Graceland Foreclosure, Calls Paperwork 'Forgeries'

The 13.8-acre estate was scheduled to be sold in a public foreclosure auction on Thursday. Presley's granddaughter and heir, Riley Keough, is fighting to save Graceland in court.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Business News

Kickstarter Is Opening Up Its Platform to Creators and Making Big Changes to Its Model — Here's What's New

The company noted it is moving beyond traditional crowdfunding and making it easier for businesses to raise more money.

Business News

Target Is Lowering Prices on Thousands of Items — Here's Where You Can Expect to Save

The news was announced ahead of Target's Q1 2024 earnings call, expected to occur Wednesday at 10 a.m. EST.